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Wipro Limited

Information technology servicesFounded 1945
Reviewed by Swet Parvadiya
Company data updated: October 2026
Independent Editorial Analysis
9 historical events · Editorial analysis

Wipro Company Profile: Revenue, Business Model & Strategy

Research depth: 9 milestones · 6 FAQs

Wipro reported FY2026 IT services revenue of about $10.48 billion and gross revenue of Rs 926.2 billion. Srini Pallia is CEO and Rishad Premji is Executive Chairman.

How Wipro makes money: Wipro earns most of its revenue from its IT services segment: multi-year contracts to build, run, and modernize enterprise software and infrastructure, plus consulting, cloud migration, cybersecurity, engineering…

Revenue & employeesCEO historyFoundersBusiness model
Annual Revenue (FY2026)~$10.7B
Employees228,000
CEOSrini Pallia
Founded1945
IndustryTechnology
By Swet ParvadiyaLast reviewed:
Share
Data sources: annual reports, SEC filings, methodology
Industry:Information technology services

Wipro Limited key figures

Wipro Limited had revenue of ~$10.7B for fiscal year 2026, up 4.0% from FY2025. Net income was ~$1.5B, a net margin of 14.2%.

Source: Wipro (NSE:WIPRO) annual reports, as compiled by S&P Global (via StockAnalysis) · Last reviewed October 2026

Revenue growth, FY2016 to FY2026
+6.1% a year
Compound annual rate, ~$5.9B to ~$10.7B
Peak revenue year
FY2026
The latest annual year is the highest in this series
Revenue per employee
~$47,124
FY2026 revenue divided by 228,000 employees; headcount may use another date
Current chief executive
Srini Pallia
In the role since 2024 (2 years)
Documented transactions
5
Between 2007 and 2025
Founded
1945
81 years ago
Where was Wipro founded?
Wipro was founded in Amalner, Maharashtra, India in 1945.
When did Wipro start?
Wipro was founded in 1945.
How old is Wipro?
Wipro is 81 years old as of 2026.
In-Depth Analysis
191 words · 1 min read

From vegetable oil to IT services

Wipro began in 1945 as Western India Vegetable Products, a vegetable oil maker in Amalner, Maharashtra, founded by Mohamed Hasham Premji. His son Azim Premji took over in 1966 and moved the company into computer hardware and then software services. In 2013 Wipro demerged its consumer and lighting businesses so that Wipro Limited could focus on IT services.

How Wipro makes money

Nearly all of Wipro's revenue comes from its IT services segment: application and infrastructure management, cloud migration, engineering services, cybersecurity, and consulting, including Capco in financial services. It sells through four market units: Americas 1, Americas 2, Europe, and APMEA.

Recent financials

In FY2026 Wipro reported gross revenue of Rs 926.2 billion and IT services revenue of about $10.48 billion, with a 17.2% segment margin. The board approved a Rs 150 billion buyback in April 2026. In Q1 FY2027, IT services revenue was $2,614.5 million, up 1.0% year over year, and net income was Rs 33.6 billion.

Leadership

Srini Pallia, a Wipro employee since 1992, became CEO in April 2024 after Thierry Delaporte stepped down. Rishad Premji has been Executive Chairman since 2019.

Table of Contents

Wipro Limited Key Facts

CompanyWipro Limited
Annual revenue change+4.0% (FY2025–FY2026)
Financials~$10.7B (partial period, 2026)
Market Cap$28.0B
FY2026 net income~$1.5B
Last reviewedBy Swet Parvadiya, Founder & Editor - October 2026
Founded1945
Founder(s)Mohamed Hasham Premji
CEOSrini Pallia
HeadquartersBengaluru, Karnataka, India
IndustryInformation technology services
Employees228,000+
TickerWIT

Wipro Company Profile: Revenue, Business Model & Strategy

"Wipro started as a vegetable oil maker in a small Maharashtra town and grew into a $10 billion IT services company. Its current challenge is to grow again in a market where AI is changing how software work is priced."

Why Wipro Limited Wins

Wipro wins large managed-services and modernization contracts where clients want a stable, lower-cost delivery partner with deep engineering benches.

Wipro Limited operates in a competitive market alongside Cognizant Technology Solutions Corporation, Infosys Limited, Tata Consultancy Services Limited, Accenture PLC. Analysts frequently compare Wipro Limited and Cognizant Technology Solutions Corporation due to their overlapping products, target markets, and strategic positioning.

Wipro reported FY2026 IT services revenue of about $10.48 billion and gross revenue of Rs 926.2 billion. Srini Pallia is CEO and Rishad Premji is Executive Chairman.

Revenue

~$10.7B

Founded

1945

Employees

228K+

Market Cap

$28.0B

Author: CorpDigest Research DeskCompany Research

Explore Wipro In Depth

Detailed research across every dimension of Wipro — history, financials, leadership, and strategy.

Company History

Wipro is one of India's largest IT services companies. It reported about $10.48 billion of IT services revenue in FY2026.

Full Wipro history →

Revenue & Financials

Wipro had ~$10.7B in revenue for fiscal year 2026. Data covers 11 fiscal years. Market capitalization stands at approximately $28B.

Wipro financials →

Founders

Wipro was founded by Mohamed Hasham Premji in 1945. Explore each founder's background, motivations, and their role in building the company.

Wipro founders →

CEO & Leadership

Wipro is currently led by Srini Pallia. Explore the full CEO history — leadership transitions, tenures, and the strategic decisions of each chief executive.

Wipro CEO history →

Business Model

Wipro earns most of its revenue from its IT services segment: multi-year contracts to build, run, and modernize enterprise software and infrastructure, plus consulting, cloud migration, cybersecurity, engineering…

How Wipro makes money →

Acquisitions

Wipro has completed 5 documented acquisitions. Explore the full acquisition history and strategic rationale behind each deal.

Wipro acquisitions →

Competitive Strategy

Under Srini Pallia, Wipro is focusing on large deals, consulting-led selling, AI-enabled delivery through its ai360 program, and growth in its biggest client accounts.

Wipro strategy →

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CorpDigest Research Desk

 Research Profile

Our analysts compile business strategy profiles from public financial filings, press releases, and analyst reports. Each profile is reviewed for accuracy before publication by our editorial desk and updated on a rolling basis.

About the Author →Our Methodology →

Frequently Asked Questions About Wipro

What does Wipro do?

Wipro provides IT services, consulting, cloud, cybersecurity, engineering, and business process services to large enterprises, mainly in North America and Europe.

Who is the CEO of Wipro?

Srini Pallia has been CEO and Managing Director since April 2024. He joined Wipro in 1992 and previously ran the Americas 1 market unit. Rishad Premji is Executive Chairman.

What was Wipro's revenue in FY2026?

For the year ended March 31, 2026, Wipro reported gross revenue of Rs 926.2 billion and IT services segment revenue of about $10.48 billion.

Where is Wipro listed?

Wipro trades on the NSE (WIPRO) and BSE (507685) in India, and its ADSs trade on the NYSE as WIT.

What did Wipro originally make before software?

Wipro originally had absolutely nothing to do with technology. It was incorporated in 1945 as 'Western India Palm Refined Oil Limited', exclusively manufacturing massive quantities of vegetable and refined oils.

Who founded Wipro?

Wipro was founded in 1945 by M.H. Hasham Premji. After his sudden death in 1966, his son, Azim Premji, took over at just 21 years old and entirely pivoted the massive oil company into the IT giant it is today.

Analysis: How Wipro Limited Makes Money

Deep dive into the Wipro Limited business model, revenue streams, and strategic moats in 2026.

Competitor Benchmarking

Wipro Limited vs Tata Consultancy Services Limited

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Strategic Head-to-Head

Financial data on this page is sourced from SEC EDGAR filings, official earnings releases, and verified press statements. Revenue figures are reviewed and updated periodically. Read our full data methodology ->

Primary source: www.wipro.com/content/dam/nexus/en/investor/corporate-govern

Explore More Brand Histories

This corporate intelligence report on Wipro Limited compiles data from verified filings. Explore more detailed brand histories and company histories in the global Information technology services marketplace.

Full Company Directory ->

Editorial Methodology

Company Research

We use company filings, annual reports, company statements and press reports, with primary sources preferred where available. Each financial row shows its recorded source. Full-year figures are separated from annualized run-rates, partial periods and forecasts; unaudited figures carry a label. Source detail varies by company, so check the linked material when the reporting basis matters.

1. Primary Sources

Public companies may provide filings and annual reports. Private-company figures may come from statements or press coverage. A missing figure stays missing, and a source link should identify where its number came from.

2. Expert Curation

We organize company records and review claims for strategic context, source quality and clarity. Pages show a review date where one is recorded.

3. Multi-Pass Audit

Technical checks flag inconsistent figures and missing links. Editorial review of the underlying source remains necessary for claims those checks cannot verify.

Swet Parvadiya
SEC filings & public records methodology
Sourced from public financial records

Explore Related Pages for Wipro Limited

History & FailuresTimeline, setbacks, and key milestonesBusiness ModelHow they make money and market productsFinancialsRevenue history and fiscal metricsCompetitive StrategyRivals, benchmarks, and SWOT analysis

Sources & References

The data and narrative synthesized in this intelligence report were verified against primary sources:

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.